Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Tuesday, 17th December. Please refresh for updates.
- Consumer giant Unilever (LON:ULVR) shaved its sales forecast for this year and said the first half of 2020 will also be weak, citing the economic slowdown in India and difficult trading conditions in West Africa. It also noted that a recovery in North America “will take time.”
- Middle eastern-focused clinic operator NMC Health (LON:NMC) said it had agreed to buy back $90 million of convertible debt due 2025 at a price of 92.5c on the dollar.
- The deal cuts the outstanding issue volume by 20%, leaving $360 million outstanding.
- Oilfield services group Petrofac (LON:PFC) said it expects a tough 2020 marked by falling revenue and high investment needs.
- The group said it has only $4 billion of secured revenue so far for the year, compared to expected revenue of $5.5 billion this year (it upheld prior guidance for 2019 in its statement).
- Net margins in the engineering and construction unit, which accounts for the bulk of revenue, are expected to fall due to a bigger share of business coming from lower-margin markets.
- Ticketing company Trainline (LON:TRNT) said it expected revenue growth of somewhere in the region of 20-25% for the year, in line with prior guidance.
- Group revenue increased 26% to 198 million pounds for the nine months to the end of November, with ticket sales hitting 2.9 billion pounds. The launch of new services in Europe and the U.K., allowing it to squeeze more in revenue from net ticket sales, helped revenue rise 31% in the U.K. and 90% in Europe. The company said it expected "some near-term impact" from the current French strikes.
Ticketing company Trainline (LON:TRNT) said it expected revenue growth of somewhere in the region of 20-25% for the year, in line with prior guidance.
Group revenue increased 26% to 198 million pounds for the nine months to the end of November, with ticket sales hitting 2.9 billion pounds. The launch of new services in Europe and the U.K., allowing it to squeeze more in revenue from net ticket sales, helped revenue rise 31% in the U.K. and 90% in Europe. The company said it expected "some near-term impact" from the current French strikes.